By the way gold has dropped from $1800 to $1653 since Mike told us that the price was heading frantically upward.
Good thing he is lying about his gold reserves.
Pueno should get a laugh out of that. He seems to like clowns.

The price dropped because Mikey stopped buying.

Now, that is funny! NEWS FLASH! John Paulsen, and Mike Fick, famed investor from the posh Tri-Cities is dumping Gold!!!.....Just days after saying everyone should put ALL their money into the yellow metal.

What I find most revealing and, frankly and sadly, most humorous, about this new law is this: Twitter, the internet, and the media are full of middle and lower income people raising holy hell because their first 2013 paycheck is smaller, by thousands of dollars annually, because of greater withholdings for their government services like SS, unemployment, etc.

Umm ... WTF DID THEY THINK WAS GOING TO HAPPEN?

Doesn't even the dumbest person capable or earning minimum wage OCCASIONALLY turn away from American Idol or boring football games to at least GLANCE at a news program? This shouldn't surprise anyone with two IQ points to rub together.

For some idea of how out of touch the big city media are about real world personal finance and how clueless the public are about this joke laughingly called a tax relief act, consider the WSJ's analysis of it. Their weekend story on it assessed its federal tax increases on four hypothetical families:
1. Single parent, 2 kids, income $260,000, fed tax increase $3,356.
2. Retired couple, income $180k, no tax change.
3. Single person earning $230k, tax increase $2,907.
4. Married couple w/2 kids earning $650,000, taxes up $21,608.

Tell me what's BLATANTLY wrong with all those scenarios.

C'mon ... you can do it. Just think about it; what do every one of those scenarios have in common, besides the fact that Obama has been guaranteeing us for 5 years now that only #4 will ever see one dime in tax increases?

Simple: WHO THE HELL EARNS THAT KIND OF MONEY? AFAIK, I've never personally, socially, nor on the job met but one person in my life who earned even that $180k, and he was a very senior USAF general who managed budgets in the tens of billions (as my wife has done for MUCH less money. Only a very senior DuPont executive we met one time, for a short lunch, topped those figures.

Big city people have no clue how ordinary people live. Look at the reaction of the media to Kerry's "elite" sport (uh, WSing), to Bush's low-life mountain biking, etc., but Obama's mainstream celebrity sport, basketball, and his glistening pecs make Pelosi all hot and bothered. Even O'Reilly, who grew up poor, assumed a social worker he was interviewing earned $50-$60k ($20k!). I'll never forget national news anchor Harry Reasoner's outraged tirade against snowmobiles, nor that the environment had nothing to do with it; his sole objection was that it's a mindless, pointless, incomprehensible waste of time ... that only the fine arts qualified as honorable entertainment.

I've never even seen a fine art first hand, and don't care if I ever do. Maybe when I'm too old to golf or kite I'll go look at one.

Then there's the Manhattan AT&T customer support chick who refused to believe that there was no street address of the exact location at which I could not get a cell signal; she could not comprehend that the population of Three Mile Canyon in the Gorge includes FAR more rattlesnakes, ground squirrels, and coyotes than people, nor that there IS no intersection right there. She thought I was trying to be funny, and demanded the name and street number of the nearest building.

She had never been out of New York City ... in her life ... and didn't understand why anyone would want to live anywhere else.

What I find most revealing and, frankly and sadly, most humorous, about this new law is this: Twitter, the internet, and the media are full of middle and lower income people raising holy hell because their first 2013 paycheck is smaller, by thousands of dollars annually, because of greater withholdings for their government services like SS, unemployment, etc.

Yes, and frankly also sadly, these people have to pony up the cash that is redistributed to others as disability payments.

For some idea of how out of touch the big city media are about real world personal finance and how clueless the public are about this joke laughingly called a tax relief act, consider the WSJ's analysis of it. Their weekend story on it assessed its federal tax increases on four hypothetical families:
1. Single parent, 2 kids, income $260,000, fed tax increase $3,356.
2. Retired couple, income $180k, no tax change.
3. Single person earning $230k, tax increase $2,907.
4. Married couple w/2 kids earning $650,000, taxes up $21,608.

Tell me what's BLATANTLY wrong with all those scenarios. .....

Reading from Iso's own source, the WSJ:
The fiscal cliff deal reached by the White House and Senate Republicans wouldn’t extend the payroll-tax holiday. The biggest hit to 2013 growth appears likely to come from this tax break’s expiration on Monday.

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